A loan of $1,025 helped to buy shoes in order to expand his business.

Miguel Francisco's story

Miguel, age 45, is a merchant and a builder. He lives in Sololá with his wife and their three children. The two girls, ages 23 and 19, have graduated from secondary school and now help him in his business. His son, age 17, works with an uncle doing metal work.

Due to the unemployment situation in the country, he and his daughters decided to undertake a business. They did this four months ago by opening a shoe store in the market where he lives. He and his daughters see the demand there is for selling shoes.

They need to continue investing in more merchandise and to have better income for the family. They now need a loan for 8,000 quetzales in order to buy more shoes and better shoes.

In the future he dreams of being able to give his daughters a university education. They have the motivation to get ahead.

Translated from Spanish by Kiva volunteer Ginny Kalish

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